Gu
BUY GBPUSDGBPUSD LONG
There are 3 confluences for this
Price is forming that W pattern for a long
we are only advised to enter after we see bullish reversal pattern
please dont forget to apply risk management
Also the fibonacci retracement tool which can also indicate a buy when price get gets to the 100% zone that shows an exhaustion in sells ,
This can also be referred to as double bottom
After all these confluences are confirmed
Traders can enter for a long
TRADE MY SETUP AT YOUR OWN RISK
THANK YOU FROM THE POWER FX TEAM
GBPUSD ANALYSISPrice has bounced off the 1.3450 level and rallied to the upside. looking to see if price can break above the 1.3600 to test previous highs.
Daily timeframe shows a strong bearish signal so we could see more falling to the downside back towards 1.3450. still in a downtrend making lower highs and lows.
News can always change the game especially with both of these currencies.
GBPUSD We see here that GU could be consolidating between 1.35630 and 1.36400 for the rest of the week.
There is strong bearish momentum from Thursday's selloff and price would need to break 1.36400 for a complete change in sides.
Consolidation may continue for awhile before either breaking through resistance or succumbing to the bearish pressure it's currently under.
GBPUSDAs i said in the last weeks ... GU rejected from the 1.37800 area and started the descent towards my final target for this period!
however ... considering the macroenymic period of this period I expect that it will retest 1.37500 but it will still reach the target of 1.35500 in a short time
THIS WEEK...as I told you last week ... GU reached my No. 1 target and was almost close to reaching the 2nd!
in the next period I will wait for a strong retest movement and then ... I will continue SELL until my target no.2 from where ... I will reanalyze the whole situation
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
SHORT trade for GBP/USD Short trade for GU. A little premature on my entry but it wound up not being so bad. Solid show on the minor resistance to the previous major. Barring any bad news from either country, I don't expect too much resistance towards my profit target. I am currently in this trade. Will keep up to date. Here are my numbers for the trade.
Entry - 1.37144
Stop Loss - 1.36141
Stop Loss - 1.35814
Risk - 1%
R/R -2
As always,
Stay safe and stick with your plan.
GBP/USD Signal - GBP Markit Manufacturing PMI - 1 November 2021GBPUSD has traded into the fibonacci golden pocket as support prior to the GBP Manufacturing PMI data later today, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair is at fibonacci golden pocket support, the RSI has generated a buy signal, and there is a large imbalance candlestick pattern. We anticipate upside into the 1.3755 level.
GBPUSDAs i said in the last weeks ...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period!
Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze!
however ... any closure even for a day over the green lines should give us the trend for the next period!
THIS WEEK...exactly as I told you last week ... GU rejected from the 1.37800 area and started the descent towards my final target for this period!
however ... considering the macroenymic period of this period I expect that it will retest 1.37500 but it will still reach the target of 1.35500 in a short time
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBP/USD Accurate Forex Analysis with Smart Money ConceptGBP/USD Accurate Forex Analysis with Smart Money Concept. Few days ago, it was given that GBP/USD is going for a retracement after it grabbed liquidity which made it a sell to buy setup, currently price have done the needful priced dived down and ran up massively to seek some higher liquidity. Though they were not taken out fully, before the fall but they took most sellers then at break even.
GBPUSDDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...just like EURUSD , GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a new analysis ...
In the next period I think it will play more on economic factors taking into account the economic crisis in the UK but in the long run ... I think GU will start a new rise of 200-300 pips even if it can, it will test the 1.34500 area again
GU closed above the extremely strong 1.34500 area formed in the last 5 years and on the 1 month chart it rejected from the Fibonacci 0.5 area
but I repeat ... pay close attention to the economic news in the UK because the decline could be wider ... 200-250 pips and from there UP again to 1.37
THIS WEEK...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period!
Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze!
however ... any closure even for a day over the green lines should give us the trend for the next period!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBP/USD Short Opportunity Hi Traders,
Please see my latest idea regarding GBP/USD.
We have a golden cross on daily MA as well as retest of support, now resistance.
This is a 1:6 risk to reward ratio but would require you to hold the position for sometime.
Despite holding this trade it could be big gains, stop loss can be set slightly lower increasing risk to reward and potential profits.
Please trade with caution.
Manage stop loss according according to take profits met.
TH from RT_Trading
GBPUSD Short1h
4h
Daily
Looking to take this short on OANDA:GBPUSD
Daily Has formed a Bearish W, simple lower highs and lower lows.
Has been rejecting the 78.6 for some time now.
4H: The 4h has reacted well from the higher timeframe zone, the first position is risk-free. Sniped :)
1H: Would love to take this 1h pattern, A head and shoulders, bearish w, and a head and shoulders within the 4th leg of the BW.
WIll monitor GU closely and update this analysis as time goes on.
GBPUSD ShortGBPUSD has a hurdle right at 1.364.
We are expecting price to retrace to 1.355 before going for the 1.364 level. If price retests this level and it doesn't push through, then we can see price falling to 1.343 for a bit of support before reattempting to break 1.364 level.
Price could also fall to 1.343 without attempting to break 1.364 level.
If price pushes through 1.364, next area of structure is 1.371.